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Imdex (ASX:IMD) Receivables Turnover : 2.33 (As of Jun. 2024)


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What is Imdex Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Imdex's Revenue for the six months ended in Jun. 2024 was A$210.0 Mil. Imdex's average Accounts Receivable for the six months ended in Jun. 2024 was A$90.2 Mil. Hence, Imdex's Receivables Turnover for the six months ended in Jun. 2024 was 2.33.


Imdex Receivables Turnover Historical Data

The historical data trend for Imdex's Receivables Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Imdex Receivables Turnover Chart

Imdex Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.53 4.89 5.00 4.88 4.72

Imdex Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.63 2.72 2.62 2.67 2.33

Competitive Comparison of Imdex's Receivables Turnover

For the Farm & Heavy Construction Machinery subindustry, Imdex's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Imdex's Receivables Turnover Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Imdex's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Imdex's Receivables Turnover falls into.



Imdex Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Imdex's Receivables Turnover for the fiscal year that ended in Jun. 2024 is calculated as

Receivables Turnover (A: Jun. 2024 )
=Revenue / Average Total Inventories
=Revenue (A: Jun. 2024 ) / ((Accounts Receivable (A: Jun. 2023 ) + Accounts Receivable (A: Jun. 2024 )) / count )
=445.284 / ((92.374 + 96.487) / 2 )
=445.284 / 94.4305
=4.72

Imdex's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

Receivables Turnover (Q: Jun. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Jun. 2024 ) / ((Accounts Receivable (Q: Dec. 2023 ) + Accounts Receivable (Q: Jun. 2024 )) / count )
=209.961 / ((83.85 + 96.487) / 2 )
=209.961 / 90.1685
=2.33

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Imdex  (ASX:IMD) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.


Imdex Receivables Turnover Related Terms

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Imdex Business Description

Traded in Other Exchanges
Address
216 Balcatta Road, Balcatta, Perth, WA, AUS, 6021
Imdex Ltd is an Australia-based company engaged in providing mining, equipment, technology, and services. It operates in the Minerals sector which involves the principal activities of providing drilling fluid products, advanced downhole instrumentation, data solutions, and geo-analytics services to exploration, development, and production companies in the minerals sector. The group operates in the Americas; Asia Pacific and Africa/Europe. It derives a majority of its revenue from the Americas.

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